Shinhan Asset Management to list its AI chip ETF

2024.04.17 09:18:01 | 2024.04.17 09:18:43

[Courtesy of Shinhan Asset Management Co.]이미지 확대

[Courtesy of Shinhan Asset Management Co.]



Shinhan Asset Management Co. announced the listing of an equity-traded fund (ETF) that tracks the performance of United States companies listed on the Nasdaq Stock Exchange or the New York Stock Exchange.

Shinhan SOL US AI Semiconductor Chip Makers ETF, set to list on the Korean Stock Exchange on Tuesday, will follow track the Solactive US AI Semiconductor Chip Makers Index for investors looking for investment opportunities in tech firms that specialize in the design of graphics processing units (GPUs), neural network processing units (NPUs), and central processing units (CPUs), all of which serve as critical components for the advancement of artificial intelligence (AI).

The ETF’s portfolio boasts substantial exposure to industry giants Nvidia Corp. and Advanced Micro Devices, Inc. (AMD), constituting 28 percent and 19 percent of the allocation respectively. Other notable holdings include Broadcom Inc., Intel Corp., and Qualcomm.

“AI is penetrating deeper and deeper into our daily lives, bringing great challenges and opportunities to the semiconductor industry. In particular, semiconductor chip makers are responding most actively to these challenges and are facing great opportunities with their own intellectual property for the chips. Shinhan Asset Management is delighted to provide an ETF based on Solactive US AI Semiconductor Chip Makers index, which selects the top 10 companies focusing on designing and developing semiconductor chips. We believe that the market’s adoption of AI is just in the beginning stages, meaning the semiconductor market still has significant growth potential and that growth is being led by chip makers. We hope SOL US AI Semiconductor Chip Makers ETF will serve as an efficient vehicle for investors to tap this potential,” Kim Jung-hyun, head of the ETF Business Division at Shinhan Asset Management, said in a press release published by Solactive, a German-based company specializing in the provision of financial indices.

By Woo Soo-min and Han Yubin

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